American Well (AMWL) Operating Leases (2019 - 2025)
American Well's Operating Leases was $892,000 in Q4 2025, down 80.2% from $4.51 million a year earlier and down 49.9% from the prior quarter.
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Analysis
American Well (AMWL) Operating Leases (2019 - 2025) Analysis & Trends
From Q4 2019 onward, American Well has reported Operating Leases for 23 quarters.
- Operating Leases has now declined for four consecutive years, with a five-year compound annual growth rate of -7.2% (FY2020 to FY2025).
- In earlier years, Operating Leases was $4.51 million in FY2024 (-45.0%), $8.21 million in FY2023 (-30.4%), $11.79 million in FY2022 (-19.8%) and $14.69 million in FY2021.
- The Q4 2025 figure marks the lowest quarterly Operating Leases since Q2 2021.
- Compared with a year earlier, Operating Leases has declined for 14 straight quarters, with an average decline of 51.3% over the last eight quarters.
- The best year-over-year quarter for Operating Leases over five years was Q3 2021 (growth of 390.4%); the worst was Q4 2025 (a decline of 80.2%).
- Per Business Quant data, AMWL's Operating Leases in the three quarters before Q4 2025 was $1.78 million (Q3 2025), $2.69 million (Q2 2025) and $3.57 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn |
| 10 | American Well | 228.49 Mn | -516.79 Mn | 27.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 892,000.00 |
| Sep 30, 2025 | 1.78 Mn |
| Jun 30, 2025 | 2.69 Mn |
| Mar 31, 2025 | 3.57 Mn |
| Dec 31, 2024 | 4.51 Mn |
| Sep 30, 2024 | 5.44 Mn |
| Jun 30, 2024 | 6.36 Mn |
| Mar 31, 2024 | 7.29 Mn |
| Dec 31, 2023 | 8.21 Mn |
| Sep 30, 2023 | 9.09 Mn |
| Jun 30, 2023 | 10.00 Mn |
| Mar 31, 2023 | 10.85 Mn |
| Dec 31, 2022 | 11.79 Mn |
| Sep 30, 2022 | 12.21 Mn |
| Jun 30, 2022 | 12.84 Mn |
| Mar 31, 2022 | 13.72 Mn |
| Dec 31, 2021 | 14.69 Mn |
| Sep 30, 2021 | 14.99 Mn |
| Jun 30, 2021 | 776,000.00 |
| Mar 31, 2021 | 970,000.00 |
API Access
American Well Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=AMWL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "AMWL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=AMWL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();